Business
Montara Update
Montara Update.
About this update from Jadestone Energy Plc
[{"type":"text","content":"\n\n\n\n \nMontara Update\n \n7 September 2023 - Singapore: Jadestone Energy plc (\"Jadestone\", or the \"Company\") an independent oil and gas production company focused on the Asia-Pacific region, provides the following update on operations at the Montara Venture FPSO offshore Australia.\n \nIn line with the announcement on 31 August 2023, production at Montara restarted on 1 September 2023.\n \nInitial production averaged around c.1,000 bbls/d from one well while the FPSO's oil production and gas compression systems were recommissioned. With further wells being brought back online in recent days, production has increased to c.8,000 bbls/d. This figure includes some flush production, and it is expected that average Montara production will return to pre-shutdown levels of c.6,000 bbls/d over the coming days.\n \nBallast water tank 4P has also been returned to service following completion of final inspections and repairs. Preparations for the repair of the previously reported defect between oil cargo tank 5C and ballast water tank 4S are underway and additional inspections in tank 4S are ongoing.\n \nThe Company will now utilise a smaller and lower cost shuttle tanker to provide additional storage during a period of time when the FPSO storage capacity is constrained.\n \n-ends-\n \nFor further information, please contact:\n \n\n\n\nJadestone Energy plc\n\n\n\n\n\n\n\nPaul Blakeley, President and CEO\n\n\n+65 6324 0359 (Singapore)\n\n\n\n\nBert-Jaap Dijkstra, CFO\nPhil Corbett, Investor Relations Manager\n\n\n \n+44 (0) 7713 687467 (UK)\n\n\n\n\n\n\n\[email protected]\n\n\n\n\n \n\n\n\n\n\n\n\nStifel Nicolaus Europe Limited (Nomad, Joint Broker)\n\n\n+44 (0) 20 7710 7600 (UK)\n\n\n\n\nCallum Stewart\n\n\n\n\n\n\n\nJason Grossman\n\n\n\n\n\n\n\nAshton Clanfield\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nJefferies International Limited (Joint Broker)\n\n\n+44 (0) 20 7029 8000 (UK)\n\n\n\n\nTony White\n\n\n\n\n\n\n\nWill Soutar\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nCamarco (Public Relations Advisor)\n\n\n+44 (0) 203 757 4980 (UK)\n\n\n\n\nBilly Clegg\n\n\[email protected]\n\n\n\n\nAndrew Turner\nElfie Kent\n\n\n\n\n\n\n \nAbout Jadestone Energy\nJadestone Energy plc is an independent oil and gas company focused on the Asia-Pacific region. It has a balance...